If the quantity of bonds demanded exceeds the quantity of bonds supplied, bond prices:
A. will rise and yields would increase.
B. would fall and yields would increase.
C. will rise and yields will remain constant.
D. would rise and yields would fall.
Answer: D
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Refer to the table above. The total cost per month is the highest if Apartment ________ is rented
A) 2 B) 3 C) 4 D) 5
At the federal level, transfer payments make up ________
A) about 98 percent of total outlays B) about half of total outlays C) less than one percent of total outlays D) the gap between government purchases and borrowing
The typical bundle of goods and services on which the GDP deflator is based
a. is narrower than the one used to calculate the CPI. b. is updated once every decade. c. is the same as the one used to calculate the CPI. d. is updated every year.
Which of the following is true?
a. In 2002, national defense accounted for more than half of federal spending. b. Federal spending on national defense has increase rapidly during the last several decades. c. Federal spending on health care programs such as Medicare and Medicaid has increased rapidly during the last several decades. d. Federal spending in the aftermath of hurricane Katrina expanded over 50%.